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The study segments Polyols industry in light of major classification such as product type, potential markets, application, and end-user.
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Polyols Market To Reach USD 38.96 Billion By 2027 www.reportsanddata.com sales@reportsanddata.com
Market Summary The global polyols market is forecast to reach USD 38.96 Billion by 2027, according to a new report by Reports and Data. Polyols can be defined as a type of liquid phase synthesis, which uses multivalent alcohols at high temperatures, at the optimum point of its boiling level. The simplest representative in this organic compound is Ethylene glycol (EG). From EG, it continuous up to polyethylene glycol (PEG). It comprises more than 2000 ethylene groups, having a molecular weight of approximately 100,000 g/mol. The compound is usually used for nanostructured material’s synthesis. It can be classified into polyester polyols and polyether polyols. Polyether polyols are most commonly used. It also finds use for flexible applications, which uses raw materials comprising of limited numbers of hydroxyl groups. Thus, a diverse arena of applications of this compound is supporting the growth of the market. It is mentionable here that the growing availability of compounds and chemicals from biomass is opening new opportunities for the development of bio based polyols that can be incorporated in foam formulation. Biomass derived polyols are gaining increasing popularity because of government regulations and legislations that focuses on reducing carbon footprints. In context to region, North America can be seen to occupy a prominent market share.
Our Approach Market Summary Further key findings from the report suggest In context to Resources, the Renewable resources segment generated is projected to witness a faster growth rate of 6.6% during the forecast period, which is expected to occupy 35.0% of the market in 2027. The growth rate witnessed by the Renewable resources segment is attributed to the formulation of stringent government regulations and legislations that focuses on reducing carbon footprints along with the growing availability of compounds and chemicals from biomass, which are opening new avenues and increasing the popularity of polyols based on renewable resources. The Polyols market held a market share of USD 38 Billion in the year 2018 that is forecasted to grow at a rate of 5.2% during the forecast period. In context to Product Type, the Polyether Polyols segment generated a higher revenue of USD 19.02 Billion in 2018, with a CAGR 4.9% during the forecast period. Its traits like high resiliency, excellent resistance to hydrolytic cleavage, dynamic, and mechanical properties along with low cost, results in the extensive use of Polyether Polyols in manufacturing rigid polyurethane foams that contributes to the revenue generated by this segment. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/2428
Our Approach Market Summary Key participants BASF SE, The Dow Chemical Company, Huntsman International LLC, Covestro AG, Mitsui Chemicals, Inc., Lanxess AG, Tosoh Corporation, COIM, PCC SE, and Emery Oleochemicals. Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027) Polyester Polyols Polyether Polyols Resources Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027) Non-renewable resources Renewable resources End-User Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027) Packaging Automotive Construction Transportation Others Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027) Flexible foam Rigid foam Adhesive & sealants Coatings Elastomers Others
Our Approach Market Summary Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027) North America Europe Asia Pacific MEA Latin America Order Now: https://www.reportsanddata.com/checkout-form/2428
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